Consecutive bearish action sees the Bitcoin market back in bearish territory

Indicators

With the dominance of bearish action over the market, we see the relative strength index fall below the 50 mark, indicating a bearish takeover of the market momentum.
On the 10th of March, the bearish action resulted in a fall of the RSI to 47.68. With the sustained bearish action on the 11th of March, we see a consecutive fall in the relative strength index to 46.77.
The histogram shows growing bearish action as it deflects further below the zero line. In correlation to other indicators, we see the MACD falls below the zero line, indicating the market's bearish dominance.

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Ethereum / US Dollar

Consecutive bearish action over the last two days sees the Ethereum market lose progress in its chase to get above its 50-day moving average of $2,753 per coin.

On the 10th of March, the bears initiated a response to the previous bullish action seen in the market after flipping an initial bullish start to the market indicated by the wick above the candle, which denotes the highest trading Ethereum price for the day at $2,734 per coin. With the successful bearish dominance of the market, the bears influenced a 4.38% drop in the ETH price, bringing the price of each coin to $2,608. The chart also illustrates the bullish rejection of further bearish action, indicated by the wick below the candle, placing the lowest trading price of ETH for the day at $2,553 per coin.

At the start of the 11thof March, the bears continued their market momentum, resulting in a 1.04% decrease in the ETH price, translating to $2,581 per coin, while the highest and lowest trading prices seen so far stand at $2,679 and $2,523, respectively. Nevertheless, with the market still hours from its close, we likely would see changes in these values.

Indicators

With the bearish action over the last two days, the relative strength index of the market further moved away from the 50 mark, indicating growing bearish activity in the market.
On the 10th of March, the bearish action resulted in a fall of the RSI to 42.93, and with the continued bearish action on the 11th of March, we see a consecutive fall in the relative strength index to 44.
The histogram and MACD remain below the zero line, indicating a bearish hold on the market. Due to the massive bearish action over the last two days, we see these indicators push further away from the zero line.

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Ripple / US Dollar

As with several other assets, the Ripple market has seen significant bearish action, bringing the bears closer to the 50-day moving average of $0.720, below which places them in control of the market.
On the 10th of March, the bears gained dominance of the market, resulting in a 3.84% price drop, bringing the Ripple price to $0.736 per coin, while the wick above and below the candle denotes the highest and lowest trading prices seen in the market at $0.779 and $0.722, respectively.

At the start of the 11th of March, the bears initiated a start to the day, resulting in a 0.80% drop in the Ripple market, bringing the price of each asset to $0.730 per coin. With the market still in its early hours, more volatility is expected in the day. Nevertheless, as of the writing of this piece, the highest and lowest price points seen in the market stand at $0.751 and $0.726.

Indicators

With the dominance of bearish action over the market, we see the relative strength index deflect below the 50 mark, indicating a growing bearish presence in the market.
On the 10th of March, the bearish action resulted in a drop of the RSI to 48.28. With the sustained bearish action on the 11th of March, we see a fall in the relative strength index to 48.08.
The histogram and MACD remain below the zero line indicating a bearish control of the market.

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Litecoin / US Dollar

On the 10th of March, the bears flipped an initial bullish move, indicated by the wick above the candle, which placed the highest trading price of LTC for the day at $107 per coin. The LTC market fell by 4.12%, bringing the asset price to $102 per coin. The wick below the candle illustrates a bullish attempt at minimizing the day's loss, placing the lowest LTC trading price for the day at $99 per coin.

At the start of the 11th of March, the bulls are seen reigniting their previous momentum after flipping a bearish start to the day, indicated by a small wick below the candle, denoting the lowest trading price of LTC for the day at $99 per coin. With the bullish dominance over the market momentum as at the writing of this piece, the Litecoin market is up by 1.13%, bringing the LTC price to $103 per coin. The wick above the candle denotes bearish resistance to further bullish action, placing the highest LTC price so far at $107 per coin.

Indicators

The LTC relative strength index remains below the 50 mark; however, due to the bullish action over the last two days, we see the RSI deflect towards the 50 mark, indicating increasing bullish entry into the market.
On the 10th of March, the bearish action resulted in a fall of the RSI to 43.41, while the bullish action on the 11th of March has resulted in a rise of the RSI to 44.53
The MACD remains below the zero line indicating a bearish control of the market. However, the histogram shows increasing bullish action in the market.

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Bitcoin Cash / US Dollar

On the 10th of March, the bears flipped an initial bullish move, indicated by the wick above the candle, which placed the highest trading price of Bitcoin Cash for the day at $309 per coin. The Bitcoin Cash market fell by 5.75%, bringing the asset price to $289 per coin. The wick below the candle illustrates a bullish attempt at minimizing the day's loss, placing the lowest BCH trading price for the day at $283 per coin.

At the start of the 11th of March, the bears are seen continuing their previous momentum after flipping a bullish start to the day, indicated by the wick above the candle, denoting the highest trading price of Bitcoin Cash for the day at $295 per coin. With the bearish dominance over the market momentum at this piece's writing, the Bitcoin Cash market is down by 1.99%, bringing the BCH price to $283 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest BCH price so far at $281 per coin.

With the above values over the last two days, it is evident that the bears are gaining on their move to take the market far below its 50-day moving average of $306.

Indicators

The Bitcoin Cash relative strength index remains below the 50 mark, showing the increasing entry of the bears into the market.
On the 10th of March, the bearish action resulted in a fall of the RSI to 44.72, while the continued action on the 11th of March has resulted in a fall of the RSI to 43.16.
The histogram and MACD remain below the zero line indicating a bearish control of the market, and with the bearish action over the last two days, we see a growing bearish hold on the market.

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Cardano / US Dollar

The ADA market remains under a bearish downtrend following|consecutive bearish actions over the last two days, reflecting in the market as an asset value less than the 50-day moving average of $0.997

On the 10th of March, the bears initiated a momentum after flipping an initial bullish action indicated by the wick above the candle, which denotes the highest trading price of ADA for the day at $0.854 per coin. With the bearish dominance of the market, the bears influenced a 5% increase in the ADA price, bringing the price of each coin to $0.807. The chart also illustrates the bull's rejection of further bearish action, indicated by the wick below the candle, placing the lowest trading price of ADA for the day at $0.787 per coin.

At the start of the 11th of March, the bears are continuing their previous momentum after flipping yet again an initial bullish move, indicated by the wick above the candle, which also denotes the highest trading price of ADA seen so far at $0.819 per coin. With the bearish dominance at the day's start, the ADA market is down by 2.07%, bringing the ADA price to $0.790 per coin. The wick below the candle denotes bullish resistance to further bearish action, placing the lowest ADA price so far at $0.784 per coin. Nevertheless, with the market still hours from its close, we likely would see more volatility.

Indicators

The relative strength index of the ADA market remains below the 50 mark, showing a further descent away from the 50 mark, indicating growing bearish entry into the market.
On the 10th of March, the bearish action resulted in a fall of the RSI to 38.03. With the bearish start to the 11th of March, we see a fall in the relative strength index to 36.75.
The histogram and MACD remain below the zero line indicating a bearish control of the market.

Swap to ADA

Dogecoin / US Dollar

The Dogecoin market remains below its 50-day moving average of $0.137 per coin, depicting a market under bearish control.

On the 10th of March, the bears initiated a move, resulting in a 3.87% drop in the Dogecoin price, translating to $0.116 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.121 and $0.114, respectively.

At the start of the 11th of March, the bears are seen continuing their previous momentum after flipping a bullish start to the day, indicated by the wick above the candle, denoting the highest Dogecoin price for the day at $0.118 per coin. With the bearish dominance over the market momentum as at the writing of this piece, the Dogecoin market is down by 1.11%, bringing the Doge price to $0.115 per coin. The wick below the candle denotes bullish resistance to further downward action, placing the lowest Dogecoin price so far at $0.114 per coin.

Indicators

The Dogecoin market remains with the bears dominating the market strength as indicated by the relative strength index of the market being below the 50 mark.
With the above, we see the relative strength index on the 10th and 11th of March stand at 36.93 and 36.03, respectively. In correlation to the RSI, the MACD portrays a market within bearish control as it is placed below the zero line, creating a negative outlook for the asset.

Swap to DOGE

Correlations

• Bitcoin / Ethereum = 0.90
• Bitcoin / Ripple = 0.55
• Bitcoin / Litecoin = 0.85
• Bitcoin / Bitcoin cash = 0.80
• Bitcoin / Cardano = 0.81
• Bitcoin / Dogecoin = 0.82

Keynotes for today

• Bitcoin at $39,060 per coin.
• Ethereum at $2,581 per coin.
• Ripple at $0.730 per coin.
• Litecoin at $103 per coin.
• Bitcoin Cash at $283 per coin.
• Cardano at $0.790 per coin.
• Dogecoin at $0.115 per coin.